Vegetable, dairy & meat substitute dishes is the leading food category constituting the majority of market share by the number of menu items offered in restaurants, followed by the meat dishes and salads & sides categories, according to GlobalData’s menu intelligence database. According to GlobalData’s menu analysis of the vegetable, dairy & meat substitute dishes category in Hong Kong report, the vegetable, dairy & meat substitute dishes category constitutes a 56% share among all restaurant types in Hong Kong foodservice market. The report analyses 8,168 menu items from different foodservice outlets in Hong Kong and provides an overview of the food categories available across its foodservice channel. Buy the report here.
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Vegetables was found to be the most-used ingredient in the vegetable, dairy & meat substitute dishes category, featuring in 30% of menu items, followed by soy and herbs, spices & seasonings. Beans & pulses and cheese were also significant ingredients.
An analysis of the annual price change between 2022 and 2023 indicates that the average menu prices in the vegetable, dairy & meat substitute dishes category have risen by 0.09%. As on-premises dining gains momentum following the COVID-19 pandemic, the vegetable, dairy & meat substitute dishes category in Hong Kong is expected to experience overall growth.
Different categories exhibited mixed price movements within Hong Kong foodservice market between 2022 and 2023. Food categories in Hong Kong witnessed price increase in their food offerings in the mentioned timeline. Out of these, alcoholic drinks category saw highest price increase.
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An in-depth analysis of the vegetable, dairy & meat substitute dishes category price trend by location reveals consumption trends of each region. The graph below represents the change in vegetable, dairy & meat substitute dishes category menu prices during 2021-2023 across the top five locations. As seen below, vegetable, dairy & meat substitute dishes category menu items in Mong Kok became more affordable as compared to Tsim Sha Tsui and West-Kowloon .
While consumers become more price conscious, operators look for ways to optimize their costs to retain margin and market share. In Hong Kong market, restaurants operators rely on innovation as a crucial tactic to appeal to customers as well as optimize costs. As increasing number of consumers seek novel experiences, foodservice operators must continuously innovate their menu choices, providing superior taste and quality along with a diverse selection of dishes. Operators should highlight the distinctive tastes and flavours of their food and beverage offerings in a convenient format to enhance customer engagement.
To further understand and explore GlobalData’s insight into Hong Kong category menu, buy the report here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Online Menu Intelligence is a database of cost and profit foodservice operators on menus within Foodservice Intelligence Center. The tool’s several search options, such as cuisine, category, menu item, ingredient, and restaurant, help users to conduct focused searches in terms of price analysis (average price and change in prices), menu item claims, popular categories, cuisine/ingredient penetration levels, etc.
